There has been a lot of grumbling as of late about the fees that that the FDIC imposed on member banks to fund the FDIC's insurance reserve. Obviously, the FDIC wants to make sure it can finance more bank closures. But some banks complained they their new fees were way over the top. The FDIC just voted to impose a fee that amounts to 5 cents for every $100 in assets they had in excess of their Grade A, Tier 1 capital at the end of the second quarter, reports MarketWatch. 

Originally, the FDIC proposed a fee of 20 cents for every $100 in assets. The FDIC was able to reduce the assessment after legislation was passed giving it the ability to borrow more from the Treasury. This one-time assessment comes on top of the $15 billion in annual fees banks already pay to the deposit fund.

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